@nativenyer wrote:I read once that collection agencies will sometimes "troll" your credit report and if they see that you've had a hard pull from a mortgage lender they start adding zombie debt, old accounts, etc. to your credit report.
1) Is this true, at least in some cases and...
2) Can you block your credit report so that no one, especially these collection agencies, can't see who has made hard pulls or other info on your report?
Thanks!
Anything past the statuatory reporting limit cannot legally be added back to your CRs to do so is a violation of law, the only exception to this would be the amount of the loan at 150K level they can request a full factual which most likely would reveal all negatives in the last 10 years. Some say they would reveal everything negative back to creation of your file, the CRAs say nope, we dont keep anything around past 10 yrs (Pos or Neg). There are few mortgage lenders who actually use the full factual as its expensive and typically 7 yrs of info is sufficient. There is no way to block who can see it and who cannot., CAs are actually tipped off by what is called your Collection Score one of the variants of FICO
@nativenyer wrote:Is there any way that you can check to see if you have any outstanding debt out there, somewhere?
There is nothing I am aware of, the only thing would be to app for a mortgage and see who shows up at the table.. This should be done anyway well in advance of the real mortgage app just for the purpose of bring them out of the woodworks, it gives you the ability to deal with them on your terms opposed to having them come to the table 1 week prior to close of your new mortgage..